Case 11.1: Accounting And Finance Ethics Scenarios

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Case 11.1: Accounting/Finance Ethics Scenarios
Main Ethical Issue(s)
Financial professionals are often confronted with fiduciary issues which challenge their integrity, honesty, and ability to be transparent with stockholders and customers. They may be pressured to make decisions or participate in accounting practices that are clearly against company policy, financial or accounting rules, regulations, and code of ethics. In all three scenarios, employees are asked to make such decisions.
Concepts and Theories Relevant to Case Economics and the bottom line are often the driving force behind decisions that are made within the organization. In an effort to make the bottom line appear better than it might actually be, finance and accounting employees
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Financial professionals have the responsibility to conduct themselves with integrity and honesty and exercise professional and moral judgement that serves clients, employers, and the public. Furthermore, there are professional, ethical, and legal standards with which they are to utilize when making financial and accounting decisions. Greed or fear of losing clients or their job often motivates financial professionals to make decisions that conflict with ethical finance or accounting practices. In all three scenarios, the employees failed to make decisions that uphold these moral and professional standards.
Case 11.2: Marketing High Energy
Main Ethical Issue(s) The energy drink industry is being scrutinized for claims they make regarding the benefits and ingredients of their energy drinks and their marketing practices, especially those geared to children and teens. Ethical issues surround product safety and promotion.
Concepts and Theories Relevant to Case Marketing involves all aspects of creating, producing, pricing, and promoting a product (Johnson, 2016). The energy drink industry as a whole seems to operate closer to the caveat emptor continuum then the caveat venditor with the attitude that if it is legal, then it is also ethical (Johnson,
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In layman’s terms it’s about doing things today that don’t make tomorrow worse” (Green, 2010, p. 1). Altruism and concern for others even if we do not profit from it is foundational for sustainability. When an organization makes decisions that do not necessarily improve their bottom line, but chooses to engage in practices of sustainability, this positively impact the well-being of future generations. For organizations to truly act in a sustainable or responsible manner they must incorporate the CSR pyramid of economic, legal, and ethical responsibilities into their mission, vision, goals, and daily processes and procedures. It must become an integral part of the way they conduct

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